Right now. We begin tonight with we breaking newses in montgomeryry county. Sky fox right now is life over a house fire in the 18,000 block of Aspen Dale Court in i germantown. As you can see right now crews e have water there on the lefther side of the home. F th it looks like its partially collapsed. Fire Officials Say everyone who lives in this house is out and d accounted for. At this point there is no word yet for a cause of this fire. Th again, this is going on in germantown. As you can see there are a number of fire crews on the scene. There are still a number of who the spots. Crews are trying to attack this from the front and the back. This front left portion has collapsed. Again, the good news is everyon whiso was inside of that house o out and everyone is accounted for. We will stay on top of this and keep you updated with the latesa developments throughout the newscast. And now to a fox5 exclusive. Another de response to an emergency in the district. Thanks for joining us,
To talk about two examples, case studies, if you would come of the approaches that we took when i was in the senate to actually get things done and move things forward. Ive had fellow senators during my tenure who had come to the end of 5 years and say they werent even able to get an amendment that theyve introduced to a vote on the senate floor. I will take two cases here to show you the way that we were able to do this. The first is on the post 9 11 g. I. Bill which i believe is the greatest Educational Program for our veterans in history. I started speaking about the need for a new g. I. Bill a real g. I. Bill fo for the people who would serve since nine 9 11 well before he decided to run for the senate in 20 2006. I come from a family that has a citizen soldier military tradition. My father served in world war ii. I grew up in a military. My son left college and enlisted in the marine corps during the iraq war and was in ramadi, iraq, and we kept hearing over and over again this is
Performs quite well across the range of different assumptions of how the economy is structured and operates. Despite these attractive features, i do not believe any prescriptive rule including the taylor rule can take the place of a Monetary Policy framework that has the collective assessment of a larger number of factors that impact the Economic Outlook. As i say, the taylor rule has significant shortcomings that could be detrimental to attainment of the mandated objectives. Not just theoretical but very relevant to Monetary Policy in recent years. First, the taylor rule is not forwardlooking. Its policy prescriptions based on the current size of the output gap in the deviation from the feds objective, not how these examples are likely to evolve in the future. In a rapidly changing environmt, the taylor rule and other similar will be behind the curve. Rulee fall of 2008, taylor were above the level of rates at the time. And a sharp, tightening financial conditions that occurred during
The problem with that is when job,graduate and find a there are only so many of that type of job. But frankly, there are more jobs these days that you can get without having a college degree. Most of my employees with our half, had noaybe background and what we do prior to working for us. We train them. You looking for basic skills and then train them. Paul exactly, we are looking for hardworking ethic. And we have settled with saying we will teach them the rest. My cto has become the educator in chief, helping employees develop and grow skills. You can see that across all industries. I dont think there is a job shortage. I think there is a worker shortage. But i dont think theres a people shortage. Bob we could spend a lot of time. Heidi, if you could address this briefly and then audience questions. Heidi i think the key is education reform, and private Public Partnerships like ibm is doing. Things like that where you got employers telling the Education System what skills they need a
Goldman sachs in 2007 interesting timing to run the markets desk and became president of the new york fed in 2009. In that role he served as vice , chair of the open market committee, the policymaking committee of the event. John taylor is the Marion Robert professor of economic at stanford and many other things at stanford. Among other things he was a , member of the Council Economic advisers in the First Bush Administration and under secretary of treasury for International Affairs under the second Bush Administration. John taylor is known as being the creator of the taylor rule. Although i am told he did not put at the name on it, somebody else did. It is a simple rule of thumb that talks about how far inflation is how far the economy is from full employment. John developed the taylor rule in 1993 when Alan Greenspan was chairman of the fed. Alan greenspan was either incapable or unwilling to describe his approach to the rest of the world. What made john so amazing was he seemed to c